Seeking Alpha
2022-01-05 16:39:31

Core Scientific bitcoin mining production soars 313% in December

Core Scientific's bitcoin (BTC-USD) mining production of 1,044 in December jumps +313% on a M/M basis, holding a total of 5,296 BTC as of the end of 2021. The company operated a fleet of ~67K ASIC BTC miners for its own account, which represents 6.6 exahash/second. It provided infrastructure, technology and operating support for customers operating more than 80K ASICs, representing 6.9 EH/s of the Bitcoin Network. Keep in mind that the company minted more BTC than Marathon Digital (NASDAQ:MARA) and Bitfarms (NASDAQ:BITF) in December. Note that Core Scientific will go public through a merger deal with special purpose acquisition company Power & Digital Infrastructure Acquisition (NASDAQ:XPDI). "Our strong momentum positions us for continued growth in 2022," said Core Scientific CEO Mike Levitt. Towards the end of November 2021, D.A. Davidson favored Core Scientific among crypto miners.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer